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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Comment by Mostlyseriouson Jan 06, 2024 8:06am
106 Views
Post# 35813609

RE:All I can say

RE:All I can say Two points for people to consider when reading this observation, if it is indeed factually correct.  The points that make the observation more informative.

First, unless 4 million shares were sitting on the bid at the same time, 4 million shares likely would not have been bought.  For example, someone wanting to buy 500k shares could have tried over 8 days and had their 500k bid been filled the first day, the other 7 days would not have seen this bid.  That clarity has not been provided by the source.

The second point is that these bids were not filled because of no sellers at that level.  As shareholders that want to see their investment rise, it is important to have investors willing to spend a fraction of a cent more to acquire shares rather than to wait for someone to want out. The point that currently shareholders are holding on to see what comes next is valid.  That could change as soon as one shareholder needs money for whatever purposes that has nothing to do what is going on with TEI.


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